Multichannel retailer ValueVision Media, operating as ShopNBC, announced the appointment of Robert S. Pick as Senior Vice President of Corporate Development of Comcast Corporation (NASDAQ: CMCSA) to its Board of Directors. Pick assumes the previous position of Catherine Dunleavy, following the increase of her responsibilities as EVP and CFO of Comcast's NBC Universal Cable Entertainment Group.
Pick currently serves as Senior Vice President of Corporate Development of Comcast Corporation. He oversees the company's corporate development as well as all merger and acquisition activities. Pick first joined the Comcast family in 1989 and has since played an invaluable role in shaping Comcast's overall strategic vision.
Through its ownership of NBC Universal, Comcast has an ownership stake of more than 7.1 million ValueVision shares, representing approximately 14.5% of the total ValueVision shares outstanding.
"It gives me great pleasure to welcome Bob to our Board," stated ValueVision Media Chairman Randy Ronning. "He has an impressive background in strategic corporate development coupled with a comprehensive understanding of our multichannel retailing space. We look forward to benefiting from his insights and experience to enhance shareholder value."
Previously holding various esteemed financial positions with Bell Atlantic, as well as with KPMG Peat Marwick, Pick has in addition served on the Boards of several Comcast companies and charitable organizations. Pick's resume includes overseeing the acquisition of AT&T Broadband, the unwinding of Comcast's stake in Time Warner Cable, and acquisitions of the cable assets of Adelphia Communications, Maclean Hunter, EW Scripps, and Jones Cable. He is a graduate of Drexel University with a BS in finance and accounting, as well as serves on the President's Leadership Council of Drexel University, and additionally has served on the LeBow Accounting Department Advisory Board.
Pick enthusiastically commented, "I am delighted to be joining ValueVision's Board of Directors and look forward to working with Randy and the rest of the Board."
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